the rest of the world will say you are more of a liability to lend to than france or germany or bring britain or canada. i believe when this episode is written this historical episode is written that they will lay the blame of that squarely on the part of the republicans ap personally on john boehner in particular. let me explain why, for ten years on international markets we've known about the twin deficits, the public deficit, the government deficit and the trade deficit. we knew it needed to be sorted out. we were looking for a bipartisan approach on that and you've had various commissions in that regard. what the republicans decided to do usa was up to ante and have the fight now. they said we'll use the debt ceiling. they're saying to the rest of the world you know that $14 trillion that we've lent to you and our own people, from tuesday, we may not pay any interest on it and we may not repay the principal. they hold the rest of the world to ransom. what do they get in return for that? remember the yardstick from s&p is about $4 trillion of spending cuts or revenue increases to start ben